Baltimore Checkbook

The world's 'riskiest bank' is in trouble

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What is going on with Deutsche Bank? Germany’s biggest lender was dubbed the world’s riskiest bank by the International Monetary Fund last month, just as one of its U.S. businesses failed a Federal Reserve stress test. Its shares are down 45% this year…



from http://www.wbaltv.com/money/the-worlds-riskiest-bank-is-in-trouble/40908700

State Board of Public Works approves $106M for...

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Maryland’s Board of Public Works approved spending $106 million on school improvements in Baltimore — the next step in a $1 billion overhaul of city schools. The state’s spending panel gave its approval to five contract requests from the Maryland Stadium Authority. The authority is overseeing a majority of the school renovations — about 28 of the city’s most dilapidated schools — under an agreement struck by the state, city and public schools in 2013. Schools specifically targeted in the…

Female students expect 14% less

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It seems the gender pay gap starts before students even get into the workforce. A new national survey in the U.K. found that female students expect to make 14% less than their male peers in their first jobs. The survey by student money site, Save the S…



from http://www.wbaltv.com/money/gender-pay-gap-female-students-expect-14-less/40908732

Loyola University revamps MBA program to give...

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Loyola University Maryland’s business school is revising its MBA program in an effort to better prepare students for the workplace. These revisions, effective this fall semester, will include new graduation requirements, introduce more hybrid, online and evening courses and will place an emphasis on developing the communication skills of the school’s students. The Sellinger School of Business and Management has also cut down on the number of courses it offers by combining some — and eliminating…

Starbucks, Zoe's Kitchen near opening in Timonium

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Construction and build out of a new building in the Timonium Square Shopping Center complex took a little longer than anticipated, but a new Starbucks Coffee and a Mediterranean eatery are close to opening their doors. Kimco Reality Corp., which owns both the 200,000-square-foot shopping center and the new building along York Road, completed construction earlier this year. David Bujnicki, senior vice president of investor relations and strategy with Kimco, said the development is “smaller scale"…

Greater Baltimore Committee backs Port Covington...

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The Greater Baltimore Committee, the region’s most powerful business advocacy group, on Wednesday threw its support behind the massive Port Covington development, a multibillion-dollar project being spearheaded by Under Armour CEO Kevin Plank. “Baltimore City simply cannot afford to lose this development opportunity, ” GBC CEO Donald C. Fry said, in announcing the endorsement. Sagamore Development, Plank’s real estate firm, is planning to build a $5.5 billion development in South Baltimore with…

Beaten-down Apple stock has best day in 2 years

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Apple doesn’t have to do much to wow Wall Street these days. The iPhone maker provided another sober reminder of how its days of hyper growth are long gone. Apple posted its second-straight quarter of shrinking sales, led by another drop in smartphone…



from http://www.wbaltv.com/money/beatendown-apple-stock-has-best-day-in-2-years/40908572

It took a few hours for EagleBank to raise $150...

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On July 21, Bethesda-based Eagle Bancorp Inc. (NASDAQ: EGBN) announced plans to raise $75 million in new debt to help fuel its growth. The company ended up raising $150 million. In six hours. The debt raise was both unusual in its speed and its overall size, showing strong investor desire to buy into the EagleBank business model. And while many banks end up “up-sizing” debt offerings, doubling them is rare. The raise also came as the bank announced a 30th consecutive record quarter for earnings…

All charges dropped against remaining Baltimore...

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The charges against the three remaining officers to face trial in the death of Freddie Gray have been dropped. Prosecutors announced they were dropping charges against Sgt. Alicia White and Officers Garrett Miller and William Porter on Wednesday. Miller was set to go on trial starting today. State’s Attorney Marilyn Mosby’s office has now failed to get a single prosecution in Gray’s death. The legal battle has been going on for almost a year with the seven officers who were charged. Three officers…

Xiaomi's new 'Notebook Air' looks an awful lot...

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Chinese gadget maker Xiaomi has unveiled its first-ever laptop – a sleek machine with solid performance specs and an attractive price. One problem: The new computer looks an awful lot like Apple’s MacBook Air. It’s even called the “Mi Notebook Air.”



from http://www.wbaltv.com/money/xiaomis-new-notebook-air-looks-an-awful-lot-like-a-macbook/40906532